USAA Tax Exempt Short-Term
9800 Fredericksburg Road San Antonio TX 78288-0227
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Phone: 800-531-8722
| Category: | Muni National Short | | Fund Family: | USAA | | Net Assets: | 1.59B | | Year-to-Date Return: | 5.89% | | Yield: | 3.73% | | Morningstar Rating: |  | | Fund Inception Date: | 19-Mar-82 |
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Clifford A. Gladson
Lead Manager since
30-Apr-94 | | | Gladson has been an assistant vice president of fixed-income investments for USAA Investment Management since November 1994. He has been managing portfolios since March 1991, having spent the prior year as a securities analyst with the company. He has more than 10 years investment management experience. Gladson holds the Chartered Financial Analyst designation. |
| Min Initial Investment: | $3,000 | | Min Initial Investment, IRA: | NaN | | Min Initial Investment, AIP: | NaN | | Min Subsequent Investment: | $50 | | Min Subsequent Investment, IRA: | N/A | | Min Subsequent Investment, AIP: | N/A |
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| The investment seeks interest income exempt from federal income tax. The fund invests primarily in investment-grade securities the interest on which is exempt from federal income tax (referred to herein as "tax-exempt securities") differentiated by maturity limitations. During normal market conditions, at least 80% of fund?s net assets consist of tax-exempt securities. The dollar-weighted average portfolio maturity of the Tax Exempt Short-Term fund is three years or less. |
| Last Dividend
(30-Oct-09):
| 0.02 | | Last Cap Gain
(14-May-87):
| 0.04 | | Annual Holdings Turnover
| 24.00% | | Average for Category:
| 49.87% |
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| Expense | USSTX | Category
Avg | | Total Expense Ratio: | 0.56%
| 0.84% | | Max 12b1 Fee: | %
| N/A | | Max Front End Sales Load: | %
| 2.37% | | Max Deferred Sales Load: | %
| 1.72% | | 3 Yr Expense Projection*: |
$ 179 | $387 | | 5 Yr Expense Projection*: |
$ 313 | $604 | | 10 Yr Expense Projection*: |
$ 701 | $1,225 |
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